Bangladesh has established its first Private Sector Advisory Council, comprising nine leading industrialists from the country’s top private enterprises. The Bangladesh Investment Development Authority (BIDA) announced the formation on Saturday, stating that Prime Minister Tarique Rahman created the council to enhance structured engagement between the government and business leaders. The council includes chairpersons and managing directors from major groups such as ACI, Apex Footwear, Runner, Pran-RFL, Bay, Incepta, DBL, Rangs, and Pacific Jeans.

The council’s inaugural meeting was held at the Prime Minister’s Office on Saturday morning, chaired by the Prime Minister. Senior ministers and officials, including the finance, energy, and commerce ministers, as well as the BIDA chairman, attended. Members welcomed the initiative, praising the government’s openness to collaboration with the private sector to foster a more business-friendly environment.

According to BIDA’s executive chairman, the council represents a key reform aimed at creating a structured mechanism for private sector input at the highest level of government decision-making.